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What is Bankruptcy Sale Dispute: Cave Atlantique Case about?

The bankruptcy court set aside the initial sale of a liquor license from a bankrupt company to MRR Traders for $18,000 after another bidder, Louis DiGiovanni, said he had not received proper notice of the sale and was willing to bid more. The bankruptcy court held a new auction and DiGiovanni won by bidding $40,000. The district court reversed, finding no procedural issues with the initial sale. The appeals court reinstated the bankruptcy court

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